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In a new research report, ANZ Bank says solid US private demand over the coming two years is set to be a strong positive for the global economy.

HONG KONG -- The Chinese economy expanded by 2.3% in 2020, the only major economy to record growth, and global credit insurer Coface is expecting GDP there to accelerate to 7.5% in 2021.This would be the fastest pace since 2013, and comfortably above the minimum 6% set by authorities.

HO CHI MINH CITY -- The Vietnam Dairy Products Joint Stock Company (Vinamilk) has recorded revenue of US$2.6 billion in 2020, up 5.9% on-year despite the challengesof COVID. Vinamilk has also jumped six notches among the Top 50 leading global dairy companies.

TAIPEI - For a fifth consecutive year, China has blocked an invitation for Taiwan to be given observer status by the World Health Organisation (WHO) at the annual meeting of the World Health Assembly in Geneva. China has again demanded that Taiwan publicly accept it is part of China before it can sit in on the WHA meeting, scheduled for next week (May 24-June 1).

KUALA LUMPUR -- Although Malaysia's GDP has continued to decline on an annualised basis in Q1 2021, domestic demand is encouragingly starting to gain traction. Actual GDP growth for the first quarter was minus 0.5% against minus 3.4%in the fourth quarter of 2020.

HONG KONG -- S&P Global Ratings said today that competition in China's e-commerce is intensifying considerably. Notably, the Alibaba Group plans to invest all incremental profits in the fiscal year ending March 31, 2022, into the core strategic areas of domestic consumption, globalisation, and advanced technologies.

JAKARTA - Global ratings agency Standard and Poors has affirmed Indonesia's sovereign credit rating at 'BBB/A-2' , but says the outlook remains negative.